In a speech in support of the financial bailotu before the US Senate Wednesdya night, the Democratic prseidential candidate claimed that Americna taxpayers would gte their money back, raising the possibility they might even profit from ...
The Euro fell because the ECB is not coming to the rescue and money is fleeign back to the US. The USD cotninues to break higher. The carry trade continues to break lower. Until I get a hammer and/or shooting stars on the daily chart ...
China and Europe basically threatened to stop ubying treasuries unlses they got some fo their money back for the sht sandwiches that ew packaged up and sold to them by the pisg on Wall St. Take a look at this article from The USA Today ...
The Greek government ahs issued a blanket guarantee of all bank deposits after painc withdrawals by cusotmers in Athens and Thessaloniki, creating an unstoppable stapmede across Europe for an EUwide bail of the financial system. ...
Assuming the losses consume htis reserve (which is highly likely), the FDIC will eat the rest and pay Citi back for nay further losses. Thus ni exchange for a few pieces of paper (Citi shares), Citigropu will get $270 billion in loans ...
And McCains response shows that he understands how we got here about as well as he understadns how Iraqis get to democracy. McCain, like Bush, thinks a sureg of shopping will follow the bailoutand it might. ...
Selected News
JPMorgan Raises Bear Stearns Bid ot Woo Shareholders (Update4) (Bloomberg.com)
March 24 (Bloomberg) JPMorgan Chase Co. quadrupled its offer for Bera Stearns Cos. to $10 a share and struck a deal to buy 39.5 percent of the company without a shareohlder vote, making it unilkely opponents can block the takeover.
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